LIVE: India, China Are BRICS Powerhouses, Says British Economist Lord Jim O’Neill | Vantage Select

By Firstpost

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Is the U.S. dollar’s dominance of the global financial system under threat? Lord Jim O’Neill, Former U.K. Treasury Minister and the economist who coined the term BRICs, speaks exclusively to Firstpost about the future of the dollar, BRICS and the accelerating debate over de-dollarisation. O’Neill examines whether the rise of BRICS and BRICS+, growing economic power in India and China, and the push for alternative payment systems could gradually reduce the dollar’s dominance in global trade and finance. He also discusses the strength of U.S. Treasury markets, foreign holdings of U.S. debt, rising bond yields, the risks to global financial markets and why the changing balance of economic power could eventually reshape the international monetary system. Watch the full Vantage Select interview with Hem Kaur Saroya, only on Firstpost. --- Lord Jim ONeill | US Dollar | Dollar Dominance | De-Dollarisation | BRICS | BRICS Plus | Global Economy | US Treasury | Firstpost | Vantage | Hem Sa

Tags: us dollar, dollar dominance, de dollarisation, dedollarization, brics, brics plus, jim oneill, lord jim oneill, us treasury, us debt, bond yields, global financial markets, international monetary system, dollar hegemony, dollar decline, india economy, china economy, alternative payment systems, global trade, us dollar dominance